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Kirkland, Jones Day in Caesars Bankruptcy Showdown
Two of the country's top bankruptcy lawyers—Kirkland & Ellis' James Sprayregen and Jones Day's Bruce Bennett—are facing off in the Chapter 11 case of a subsidiary of casino and gaming giant Caesars Entertainment Corp.
Mistake in GM Loan Documents Must Stand, Del. Supreme Court Rules
A mistake included with formal loan documents cannot be invalidated because it would negatively impact creditors relying on such representations, the Delaware Supreme Court has ruled.
Kirkland Grabs Role on Big Bankruptcy From Bygone Era
Energy Future Holdings Corp., the Texas energy giant once known as TXU, filed for bankruptcy Tuesday in Delaware.
Brookstone Bankruptcy Yields Roles for Half-Dozen Firms
K&L Gates is serving as lead debtors' counsel to the specialty gadget retailer, which filed for Chapter 11 protection in Delaware on Thursday as part of a plan to sell itself to Spencer Spirit Holdings. The proposed $146.3 million deal has pulled in Am Law 200 firms Stroock, Greenberg Traurig, and Choate, Hall & Stewart, as well as two regional shops.
Emergency Appeal in Fisker Bankruptcy Denied
A federal judge has blocked Hong Kong billionaire Richard Li's emergency motion to overturn a Delaware bankruptcy court decision limiting how much he could bid for defunct hybrid-sports-car manufacturer Fisker Automotive Holdings Inc.
Bids for Fisker Capped at $25 Mil. by Bankruptcy Judge
A secured creditor's bid for defunct hybrid-sports-car manufacturer Fisker Automotive Holdings Inc. must be limited to $25 million, the U.S. Bankruptcy Court for the District of Delaware has ruled.
Courts, Not Arbitrator, to Distribute Nortel's $7.5 Bil. in Assets
The distribution of the $7.5 billion in cash raised by insolvent Nortel Networks Inc. during an asset auction will be decided by joint proceedings in the Delaware and Canadian courts, the U.S. Court of Appeals for the Third Circuit has ruled in a precedential opinion.TRENDING STORIES
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